Attached files
| file | filename |
|---|---|
| 10-Q/A - FORM 10-Q/A - JETBLUE AIRWAYS CORP | y04459e10vqza.htm |
| EX-32 - EX-32 - JETBLUE AIRWAYS CORP | y04459exv32.htm |
| EX-31.2 - EX-31.2 - JETBLUE AIRWAYS CORP | y04459exv31w2.htm |
| EX-31.1 - EX-31.1 - JETBLUE AIRWAYS CORP | y04459exv31w1.htm |
Exhibit 12.1
JETBLUE AIRWAYS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
(As Restated)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
(As Restated)
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2010 | 2009 | |||||||
Earnings: |
||||||||
Income (loss) before income taxes |
$ | (1 | ) | $ | 22 | |||
Less: capitalized interest |
(1 | ) | (2 | ) | ||||
Add: fixed charges |
72 | 76 | ||||||
Amortization of capitalized interest |
— | — | ||||||
Adjusted earnings |
$ | 70 | $ | 96 | ||||
Fixed charges: |
||||||||
Interest expense |
$ | 45 | $ | 47 | ||||
Amortization of debt costs |
2 | 2 | ||||||
Rent expense representative of interest |
25 | 27 | ||||||
Total fixed charges |
$ | 72 | $ | 76 | ||||
Ratio of earnings to fixed charges (1) |
— | 1.26 | ||||||
| (1) | Earnings were inadequate to cover fixed charges by $2 million for the three months ended March 31, 2010. |